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I'd like to file a consumer proposal and I was wondering if there's a minimum amount of debt required to do so.
Our debts total approximately $19,000, while our annual income is $42,000.
We don't own a home because a very large portion of our income goes toward debt repayment and essential expenses.
If we were to file a consumer proposal, how is the monthly repayment amount determined to become debt-free? Is it a percentage of our income? If so, what percentage?
Subject to a full assessment of your situation, you may be able to file a consumer proposal to settle these debts.
Your payment will be calculated based on your net income and family expenses.
FAQ .
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